The costs of a bad hire can be devastating. It’s not just the wasted time, money and energy, but a bad hire can have a demoralizing effect on both your current employees and the new “bad” hire when you have to let them go. Bad hire = bad fire, virtually every time. So, how can […]
5 Simple Ways to Avoid the Nightmare of Bad Hire Read More »
So you’re starting a new business? So many details, so little time! Whether you decide to handle your startup details yourself or hire an outsource company to help you, setting up your basic documentation and systems for your company is something that requires attention to detail and a high level of accuracy. If you make
Before You Even Start Up Your Startup – Back to Basics Read More »
5 Hot Tips for Start-up Entrepreneurs Stop the Madness and (Re)gain Control! Let’s face it: Entrepreneurs are a unique breed…you love creating new ideas, you have amazing vision and you see the company’s success in your mind’s eye every day. Conversely, unless you have a history as a financial professional or have a CFO background,
Your Accounting and Finance Team – 5 Hot Tips for Start-up Entrepreneurs Read More »
As a business owner, you are faced with many choices. If you’re in start-up mode, you are managing just about everything in your business, from bookkeeping to sales, from rainmaking to employee management and probably even a little HR thrown in just to keep things interesting. There comes a time in your business when having
Should You Hire a CFO or Outsource an Interim CFO? Read More »
In our previous article, Outsourcing 101, we gave you a general overview of outsourcing; what you can outsource, when to do it, how to do it and presented a case for why you should outsource certain projects, especially as a start-up business or one focused on a new growth phase. Now, let’s talk about the
Outsourcing Strategy – A Focus on Best Practices Read More »
Outsourcing 101 – What, When, How and WHO? There is a lot of talk about outsourcing in this day and age. From complaints about businesses sending their labor offshore to accolades about the efficiency of the modern workplace through outsourcing, the discussion is rampant. Clearly, there is a place for outsourcing certain tasks in your
You’ve Been “All-In” With Your Business – What Do You Do When It’s Time to Get Out? Entrepreneurs are a unique breed. We go into business for a variety of reasons and at the top of that list is freedom and independence, financial security, controlling our own destiny and of course, the all-important pursuit of
Exit and Succession Planning Read More »
Are Your Business Policies and Procedures Helping or Hindering Your Company’s Growth? Very few people can actually say that they “like” rules (or at least they won’t admit it), but some types of “rules” are a necessity, at least in certain situations. When it comes to your company’s functionality and your plan for growth, the
Business Policies and Procedures – Friend or Foe? Read More »
Times are changing. Every day, small business is taking on a more responsible role in the community, and in the world, and those changes are developing from the inside out, as part of an evolving corporate culture. A greater emphasis on authenticity in your message and developing a supportive, but effective, corporate culture, coupled with
Promoting Accountability To Enhance Company Growth Read More »
Who Gets a Piece of the Pie? In our previous article, we discussed various aspects of profit sharing as well two different strategies that are commonly used to implement a profit sharing plan for your employees. That article raised several questions about a different method of sharing the wealth in your company — Equity Sharing
Equity Sharing 101 – Equity vs Profit Sharing Read More »
Profit Sharing Plans to Promote the “Ownership” Mindset with your Employees Savvy CEOs understand that high levels of employee performance are directly tied to how much they feel a sense of ownership toward the company (whether fiscal or based only on dedication). With a profit sharing plan, employees participate in a share of the profits
Profit Sharing Plans to Promote Ownership Mindset Read More »
Cultivating Creativity and Motivation in Your Business by Thinking Outside the Box It would be very easy to assume in today’s economy that your options are limited when it comes to creating higher levels of motivation and engagement in your workplace. After all, many companies are cutting back on benefits, reducing hours and putting a